Infrastructure development, tourism key for economic growth in Laos: ADB

VIENTIANE (Vientiane Times/ANN) – The government is targeting more international visitor arrivals until the end of this year with numerous incentives, a promotional tourism campaign, and policy updates.

The move follows the recent release of the new Asian Development Bank (ADB) forecast which showed the country’s economic growth remaining moderate in 2019 and 2020 as expansion in the industry and services sectors softened in the first half of 2019 due to fewer foreign travellers.

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Bounfaeng Phaymanivong
http://annx.asianews.network/content/infrastructure-development-tourism-key-economic-growth-laos-adb-105204